The problem with emerging markets is that sometimes they just don’t emerge, or if they do emerge at all, it’s often long after investors have moved on. China is potentially learning this hard lesson in Latin America, this hard and expensive lesson. China today is much more than South America’s second largest customer. China is the largest source of soft loans to these governments. With growth slowing, skyrocketing municipal debt may soon lead to a fiscal crisis. A tough way to learn local markets.
Read John Price’s Latin Trade article here: http://bit.ly/1ikY3uh
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